BSMU vs. CLS

Last updated Jun 4, 2026

BSMU (Invesco BulletShares 2030 Municipal Bond ETF) is Municipal Bonds fund tracking the Invesco Bulletshares Municipal Bond 2030 Index, while CLS (Celestica Inc.) is a stock. Over the past 5 years, BSMU returned -0.68%/yr vs 121.36%/yr for CLS. At a 0.03 correlation, their price movements are largely independent.

Performance

BSMU vs. CLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2030 Municipal Bond ETF (BSMU) and Celestica Inc. (CLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSMU achieves a 0.56% return, which is significantly lower than CLS's 54.98% return.

BSMU

• 1D: -0.15%
• 1M: 0.37%
• YTD: 0.56%
• 6M: 0.90%
• 1Y: 5.50%
• 3Y*: 3.02%
• 5Y*: -0.68%
• 10Y*: —

CLS

• 1D: -3.02%
• 1M: 8.89%
• YTD: 54.98%
• 6M: 48.55%
• 1Y: 277.82%
• 3Y*: 226.85%
• 5Y*: 121.36%
• 10Y*: 45.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BSMU vs. CLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BSMU Invesco BulletShares 2030 Municipal Bond ETF	0.56%	4.35%	-0.29%	6.31%	-13.76%	1.88%	4.10%
CLS Celestica Inc.	54.98%	220.27%	215.23%	159.80%	1.26%	37.92%	10.40%

Correlation

The correlation between BSMU and CLS is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.03

Return for Risk

BSMU vs. CLS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSMU

BSMU Risk / Return Rank: 72
BSMU Sharpe Ratio Rank: 80
BSMU Sortino Ratio Rank: 88
BSMU Omega Ratio Rank: 89
BSMU Calmar Ratio Rank: 55
BSMU Martin Ratio Rank: 50

CLS

CLS Risk / Return Rank: 94
CLS Sharpe Ratio Rank: 97
CLS Sortino Ratio Rank: 91
CLS Omega Ratio Rank: 91
CLS Calmar Ratio Rank: 97
CLS Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BSMU vs. CLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2030 Municipal Bond ETF (BSMU) and Celestica Inc. (CLS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BSMU	CLS	Difference
Sharpe ratio: Return per unit of total volatility	2.59	3.96	-1.37
Sortino ratio: Return per unit of downside risk	3.96	3.41	+0.55
Omega ratio: Gain probability vs. loss probability	1.57	1.46	+0.11
Calmar ratio: Return relative to maximum drawdown	2.68	9.57	-6.89
Martin ratio: Return relative to average drawdown	8.28	24.15	-15.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSMU vs. CLS - Sharpe Ratio Comparison

The current BSMU Sharpe Ratio is 2.59, which is lower than the CLS Sharpe Ratio of 3.96. The chart below compares the historical Sharpe Ratios of BSMU and CLS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BSMU	CLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	3.96	-1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	2.14	-2.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.28	-0.22

Drawdowns

BSMU vs. CLS - Drawdown Comparison

The maximum BSMU drawdown since its inception was -19.48%, smaller than the maximum CLS drawdown of -96.93%. Use the drawdown chart below to compare losses from any high point for BSMU and CLS.

Drawdown Indicators

	BSMU	CLS	Difference
Max Drawdown Largest peak-to-trough decline	-19.48%	-96.93%	+77.45%
Max Drawdown (1Y) Largest decline over 1 year	-2.06%	-29.24%	+27.18%
Max Drawdown (3Y) Largest decline over 3 years	-5.92%	-53.96%	+48.04%
Max Drawdown (5Y) Largest decline over 5 years	-19.48%	-53.96%	+34.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-80.60%	—
Current Drawdown Current decline from peak	-4.83%	-3.02%	-1.81%
Average Drawdown Average peak-to-trough decline	-8.20%	-73.38%	+65.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	11.57%	-10.90%

Volatility

BSMU vs. CLS - Volatility Comparison

The current volatility for Invesco BulletShares 2030 Municipal Bond ETF (BSMU) is 0.79%, while Celestica Inc. (CLS) has a volatility of 22.24%. This indicates that BSMU experiences smaller price fluctuations and is considered to be less risky than CLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSMU	CLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.79%	22.24%	-21.45%
Volatility (6M) Calculated over the trailing 6-month period	1.48%	53.06%	-51.58%
Volatility (1Y) Calculated over the trailing 1-year period	2.13%	70.76%	-68.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.83%	57.21%	-52.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.85%	49.69%	-44.84%

Dividends

BSMU vs. CLS - Dividend Comparison

BSMU's dividend yield for the trailing twelve months is around 2.80%, while CLS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
BSMU Invesco BulletShares 2030 Municipal Bond ETF	2.80%	2.82%	2.92%	2.66%	2.16%	1.60%	0.28%
CLS Celestica Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSMU and CLS in my portfolio?

BSMU and CLS have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSMU or CLS?

CLS has higher volatility (22.24%) compared to BSMU (0.79%). In terms of maximum drawdown, BSMU dropped -19.48% vs CLS's -96.93%.

Which has better risk-adjusted returns?

CLS currently has the higher Sharpe Ratio (3.96 vs 2.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.